The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-11-13
SUCCESS IN NEW ORLEANa
A Newspaper and Other Concerns Rua o,
the Cooperative Principle.

"A Newspaper and Other Concerns RuA Oh
the Cooperative Principle.
NEW ORLEANS, Nov. 9.-But little has been
done in the way Of cooperative companies in
New Orleans and the South, and 1t is only very
lately that the idea has secured any support
here. Within the last few months. however. q
number Of new cooperative associations have
been planned or organized. and the promise is
that they will be fully tested within the next
two or three years.
There is only one company. working under
cooperative basis. which dates back moro
than three years. the Erenino Item newspaper.
1t is about the only experiment of this kind
made until very lately. Several newspapers
have temporarily tried species Of coopera-
ton, but 1t has only been to tide over pecuni-
airy difficulties. the employees being given an
interest in the paper because they could not
be paid full union rates. but as soon as the
financial pressure was over this cooperative
feature has been dropped. There have also
been several combinations among the work
ingmen engaged in shoemakinR. coopering.
and one or two other trades. but none of these
have been purely cooperative and all Of them
failed through insufficient union.
The Item was started in July. 1877. as CO.
operative paper. every person interested in
getting it out having share Of the stock and
was highly successful. and the men received
those engaged in similar occupations on other
papers Of the same class The, Item is still
nominally co0perative. but death has made
important changes in its management and
of the stock on the market: others dropped out
OF soeE IS now As SGS %
employees, however, have held on to their
stock. and secure their share Of the profits.
as purely cooperative concern. with capital
Of $3.50. The stock. it was provided must BIO
y on S.ns 0R Re
lie ASSEMBLY and Rnshts sHs 1sa
wages about 5000 year, and is doing well.
= Some time ago the Knights Of Labor Of New
promised al! their. assistance to the working
mon in any branch Of trade who would inaug-
operation. The first, to try this experiment
e espa sdsf q . most 9 g. TScS yin
taken at once The factory opened in October
with eight hands, and prospered wonderfully
and within year has passed ASS ae ali thes e other
broom factories n the, city The operatives
hsss ps sca . th he pfsaasy
ticn grown from 5000 to $4,000. The employees
chases Of materials In the West, and send out
an agent to drum up trade, their principal
total production for tho first year will exceed
$4,000; and. finding themselves cramped By
their insufficient capital. an increase will be
made In their stock on the LIST of next January
to $4,000. The employees hold the bulk OF the
stock. but some outsiders have q few shares.
The, company has declared one dividend.
semi-annual one, on tho first six months bust
ness of per cent.
Another concern. known as the Orleans CO.
operative Company. has been formed, and
opens Nov, !. II proposes to manufacture and
deal In all kinds Of wearing apparel for men
shop have been filed up. The amount OF cap
ital. $4,000, is subscribed exclusively by the
Knights OF Labor.